Our digital cash is simply real money in digital form. It can be used to purchase digital assets, exchanged for world currencies, or spent on your cards anywhere.
Digital cash “lives” in two worlds: Fluid (for everyone) and on-chain (optionally, for crypto users).
|Held||Custodially, by Fluid||In your Web3 wallet|
|Backed by||100% backed 1:1 with cash in a bank account||100% backed 1:1 with cash in a bank account|
|Target interest rate||DUSD 4.00% DEUR 2.10% DGBP 3.00% DCHF 1.70%||n/a|
|Spend on cards?|
|Use in DeFi?|
|Swap for fiat?|
What can you do with digital cash?
- Pay anyone, anywhere, instantly. In both the digital and traditional worlds.
- Send it to other users (in Fluid world).
- Send it to an on-chain address (no Web3 wallet required), in development.
- Spend it on your Fluid Card.
- Withdraw cash globally on your Fluid Card.
- Automatically earn interest on your deposit balance.
- Buy digital investment products (e.g. DTSLA, DAAPL), in development.
- Use it with partners (e.g. NFT companies, gaming, metaverse, etc).
- Swap it for traditional currencies anytime you wish to go from digital to fiat.
What can’t you do with digital cash?
Send it via the traditional banking system (e.g. using Swift). To do this, you need to have a Traditional Account.
Digital cash available now
- Digital dollars DUSD
- Digital euros DEUR
- Digital pounds DGBP
- Digital francs DCHF
Digital cash available in the future
The following digital cash has been integrated into our backend systems, but are not yet enabled in the apps. We will be rolling them out over time.
- Australian Dollar (AUD)
- Israeli Shekel (ILS)
- Saudi Riyal (SAR)
- Bahrain Dinar (BHD)
- Japanese Yen (JPY)
- Singapore Dollar (SGD)
- Bulgarian Lev (BGN)
- Kenyan Shilling (KES)
- South African Rand (ZAR)
- Canadian Dollar (CAD)
- Kuwait Dinar (KWD)
- Swedish Krona (SEK)
- Chinese Yuan (CNY)
- Malaysian Ringgit (MYR)
- Croatian Kuna (HRK)
- Mexican Peso (MXN)
- Thai Baht (THB)
- Czech Koruna (CZK)
- New Zealand Dollar (NZD)
- Turkish Lira (TRY)
- Danish Krone (DKK)
- Norwegian Krone (NOK)
- Ugandan Shilling (UGX)
- Omani Rial (OMR)
- Hong Kong Dollar (HKD)
- Philippine Peso (PHP)
- United Arab Emirates Dirham (AED)
- Hungarian Forint (HUF)
- Polish Zloty (PLN)
- Indian Rupee (INR)
- Qatar Rial (QAR)
- Indonesian Rupiah (IDR)
- Romanian Leu (RON)
Quick overview of the different digital cash alternatives
All digital cash is available to Fluid Account holders globally.
|Digital Dollar, Digital Euro, Digital Pound, Digital Franc|
|Symbol||DUSD, DEUR, DGBP, DCHF|
|Blockchain Contract address||Arbitrum
|On-chain exchange pairs||ETH: Our Oracle Price Pool
|GitLab||Project ID: 31039283|
|Audit link||Audit Report 26.08.2021.pdf|
|Verification address||DUSD treasury|
|Redeemable on a 1:1 cash basis?|
(will increase to 0.75% in summer 2022)
|Mint fees (if you hold Fluid tokens)||0.50%|
(will increase to 1.50% in summer 2022)
|Redeem fees (if you hold Fluid tokens)||1.00%|
To purchase digital cash, simply sign up for the web app or download the mobile app and select Top up.
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How digital cash works on-chain
The world’s first fully backed, transparent, on-chain verifiable digital cash.
Together with our community, we have created digital cash for the digital age.
Fluid enables users to mint their own digital cash, right from their Fluid Account or their Traditional Account.
Or, you can simply purchase digital cash directly on-chain.
Built for mass crypto adoption.
You are the Mint
With us, the user mints digital cash using their own world currency deposits.
When the user presses ‘mint’, their USD deposits get sent to Fluid’s public treasury account, which is broadcasted to the blockchain (demonstrating our on-chain verifiable reserves).
Digital dollars (DUSD) are then minted to the user’s Web3 wallet (like MetaMask).
This happens in seconds on Arbitrum, and is cheaper and more convenient than using a crypto exchange.
You are also in control of redeeming
When the user presses ‘redeem’, the digital dollars (DUSD) get burned.
The user receives the money back to their own Fluid Account or Traditional Account.
For Traditional Account holders USD moves from our treasury account to the user’s account with us.
Again in seconds.
Our smart contract doesn’t allow more digital dollars to be created than there are USD in the public treasury account, on-chain.
Fluid’s digital cash is verifiable to anyone, on-chain, 24/7. Faster, cheaper and safer than anything else.
You can buy digital cash or you can mint digital cash
How to buy digital cash
You can purchase digital cash on-chain, if you are a crypto user.
Anyone can also purchase digital cash directly from Fluid.
Here are the steps:
- Create a Fluid Account.
- Top up your account. Now you have digital cash.
- To send the digital cash on-chain, connect a Web3 wallet and select Mint.
You will need to provide ID verification information in relation to the size of your purchase of digital cash. Per transaction per day, the requirements are:
- Above $1,000 Identification
- Above $5,000 Proof of address
- Above $25,000 Source of funds
These ID verification processes are undertaken through specialist ID software and controlled by our in-house compliance experts. For most people it takes less than a minute.
How to mint digital cash
You can mint digital cash from your Fluid Account and your Traditional Account.
Here are the steps:
- Top up your account.
- Connect a Web3 wallet and select Mint.
How to send digital cash around the world using Fluid web app
Further reading about our digital cash
You can read our Medium article about how we created the stablecoins by accident, here: